Contraction of high street and online sales is profoundly affecting the retail sector as a number of high profile profit warnings have recently shown. Do retailers have any cards left to play or are they simply at the mercy of shrinking consumer confidence?

We believe that whilst goods for resale purchasing efficiency is naturally strong in this sector many do still have a trump card to play which will improve their chances of a less bumpy ride and lower long term financial risk. This card is the opportunity for more efficiency in the purchase of goods not for resale. The trolley full of products and services that enable retailers to operate effectively, from cleaning and utilities to carrier bags and shipping contracts collectively cost retailers billions of pounds.

Wax Digital’s latest edition of Source Material focuses precisely on this challenge of controlling and managing the goods not for resale bill alongside two other key eProcurement challenges – achieving excellence in user adoption and supplier management. Together we believe these three factors offer retailers new dimensions of purchasing efficiency that will help them stay in the game. Read the video book here.